Wednesday's Powerball jackpot has reached $1.4 billion, but how does that compare to other lottery prizes? And how much will the winner actually take home?

With the help of a Powerball jackpot that reached $1 billion by the end of August, the Arkansas Scholarship Lottery's total revenue and the amount raised for college scholarships for the month both narrowly exceeded figures from the same month in 2024.

Never miss a story — sign up for PEOPLE's free daily newsletter to stay up-to-date on the best of what PEOPLE has to offer​​, from celebrity news to compelling human interest stories. The wife said she and her husband had “both been really busy” and so checking their Powerball ticket slipped their minds.